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July 16, 2019 | Global Debt Approaches Record 320% of GDP in Q1 2019

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

The consensus, in retrospect, now agrees that the Great Financial Crisis was a product of indiscriminate lending, speculation and too much debt. Today, though, they see no such problems.  Record asset valuations and debt are no longer of concern because central banks are viewed as magicians once more.  A revelation will only come after a financial catastrophe devastates again. We can bank on it.

David Stockman summarizes the monetary madness at hand well in these clips.

David Stockman, author of “Peak Trump: The Undrainable Swamp and the Fantasy of MAGA” and former budget director under President Ronald Reagan, discusses his criticisms of current U.S. fiscal and monetary policies. Here is a direct video link.

Here is a link to part 2.

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July 16th, 2019

Posted In: Juggling Dynamite

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